On April 13, 2025, prominent technical analyst EGRAG Crypto shared a detailed post regarding XRP’s current market position and likely short- to medium-term price action.
The analysis, accompanied by a multi-year chart published on TradingView, focuses on a technical breakout zone reminiscent of XRP’s behavior in October 2017, just before its massive rally into early 2018.
#XRP – The XRP Kangaroo is Clucking!🦘
Trust me, we're likely facing one more dip. If #XRP doesn't close above $2.30-$2.50 on the 5-day time frame, a potential retest of $1.85 is still on the table. Targets remain the same—nothing has changed:
1⃣ $7.50
2⃣ $13
3⃣ $27There's… pic.twitter.com/0RTHqSKXec
— EGRAG CRYPTO (@egragcrypto) April 13, 2025
Historical Chart Comparison Highlights Similarities to 2017 Rally
The visual comparison emphasizes XRP’s price action in two key periods: late 2017 and the present. EGRAG points out that during these periods, XRP broke out above a long-term resistance zone—depicted with a thick horizontal white band—before making a sharp upward move.
The chart suggests that XRP has already broken above this resistance zone again and is trading around the $2.19 mark. However, EGRAG cautions that unless XRP can maintain a close above $2.30 to $2.50 on the 5-day timeframe, a retracement toward the $1.85 level remains a possibility.
Short-Term Risk: Potential Retracement and Liquidation Scenarios
The tweet warns that despite the current momentum, the market could experience a liquidation event, with the potential for a sharp fall to $1.40. EGRAG believes this scenario remains on the table due to unpredictable market behavior and external narratives that can significantly influence price movements.
While he does not expect to be actively trading or leveraging XRP during this period, he continues to accumulate at favorable levels and remains firm on his previously stated long-term targets. These targets remain unchanged at $7.50, $13, and $27.
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EGRAG’s Long-Term Outlook and Accumulation Strategy
EGRAG notes that market makers often coordinate market moves with news events, drawing a parallel between past market reactions to geopolitical and macroeconomic developments.
He referenced historic examples such as China’s recurring bans and unbans of Bitcoin mining to illustrate how narratives are used to trigger both fear and euphoria. According to the analyst, a similar pattern is unfolding in the broader market, where tariffs and political news manipulate sentiment and price action.
In his own words, he states, “For me, I follow the charts with a clear understanding that certain events will unfold, but I stay updated on the news to see what narratives are created to influence market movements. But as they say—show me the charts and I will tell you the news.” His approach emphasizes technical analysis over news-based speculation, though he remains alert to the news cycle for context.
Market Manipulation Narratives
In a direct message to followers, EGRAG warned about personal risk management and the dangers of excessive leverage. He said that he will no longer entertain private messages asking for trading advice involving large XRP positions.
“If anyone DMs me about longing or shorting 10K, 20K, or even 200K XRP and asking for advice to close it or hold then I will block you,” he wrote. He expressed frustration at being treated as a personal financial advisor by traders making high-risk decisions. He also emphasized personal responsibility, concluding with a strongly worded disclaimer for those unwilling to manage risk.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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